[Romario77]

There are already insider trading laws which almost everyone has to comply with, congress people being an exception. They specifically allow insider trading for themselves while prohibiting it for everyone else.

If you work in a financial company which does trading often times you are very restricted in what you could do. You also have to report all of your accounts plus close relatives accounts.

And if you have an insider info and give it to someone else, no matter how remote from you it's still against the law to trade based on that and it's not "fully compliant with every letter of the law"